More Than A Number

If you ask the average U.S. citizen or even a forex company, the answer will probably be a definitive no. Unemployment rates continue to go up every month, which signifies some very grim realities about the state of the economy. However, Forex Gump at BabyPips.com says that less contraction in the non-manufacturing sector in January shows that things might be beginning to turn around, albeit slowly. Employment rates, he notes, typically lag behind other data in the economic cycle, and the inflexion point for unemployment could be only a few months away. Forex Gump also adds that U.S. employee productivity was up 1.5% in the last quarter of 2008, which could signal long-term strength for the U.S. economy and competitiveness for the USD. If, like Forex, you believe that the economy might be at a turning point and you’re looking for a good broker through which to launch a new account, be sure to peruse the free forex trading directory at ForexYellowPages.com.